India head-quartered Gautam Solar plans to raise INR1,000 crore through an Initial Public Offering (IPO) within the next 12 to 18 months to fund its 2 GW solar cell manufacturing project. This initiative is to expand its solar module manufacturing capacity to 5 GW by 2025. With India targeting 500 GW of renewable energy by 2030, Gautam Solar aims to contribute significantly by accounting for nearly 5-7% of the country’s solar energy capacity.
Gautam Solar plans INR1,000 crore IPO for expansion
The IPO will support Gautam Solar to expand solar module manufacturing capacity to 5 GW by 2025, contributing 5-7% of India’s solar energy capacity. (Image Credit/Source:Kindelmedia/pexels)
The Noronha Verde initiative seeks to replace diesel power with photovoltaic energy and battery storage, transforming the archipelago’s energy profile. (Image Source: Neoenergia)
Bechtel will handle the design and construction of Rio Tinto’s latest solar initiative at the Kennecott site in Utah. (Image Credit/Source: Pixabay/Pexels)
Ameresco will design, build, and maintain the solar project at UCI Health over a 25-year power purchase agreement. (Image Source: Ameresco)
The $290M financing will support Pine Gate’s 225 MW solar projects across two southern US states. (Image Source: Pine Gate)